80 FR 55175 - Proposed Collection; Comment Request for Revenue Procedure 2009-16

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 80, Issue 177 (September 14, 2015)

The Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning Revenue Procedure 2008-16, Section 168(k)(4) Election Procedures.

[Federal Register Volume 80, Number 177 (Monday, September 14, 2015)]
[Notices]
[Page 55175]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-22963]


-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Revenue Procedure 2009-
16

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

-----------------------------------------------------------------------

SUMMARY: The Department of the Treasury, as part of its continuing 
effort to reduce paperwork and respondent burden, invites the general 
public and other Federal agencies to take this opportunity to comment 
on proposed and/or continuing information collections, as required by 
the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 
3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning 
Revenue Procedure 2008-16, Section 168(k)(4) Election Procedures.

DATES: Written comments should be received on or before November 13, 
2015 to be assured of consideration.

ADDRESSES: Direct all written comments to Christie Preston, Internal 
Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, 
DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for copies of the revenue 
procedure should be directed to Sara Covington, at Internal Revenue 
Service, Room 6129, 1111 Constitution Avenue NW., Washington, DC 20224, 
or through the internet, at [email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Section 168(k)(4) Election Procedures.
    OMB Number: 1545-2133.
    Revenue Procedure Number: Revenue Procedure 2009-16.
    Abstract: This revenue procedure provides the time and manner for 
(1) corporations to make the election to apply section 168(k)(4) of the 
Code, (2) corporations to make the allocation of the bonus depreciation 
amount resulting from the section 168(k)(4) election, (3) corporate 
partners who make the section 168(k)(4) election to notify 
partnerships, and (3) U.S. automobile manufacturing partnerships (such 
as, Chrysler) to make the election to apply section 3081(b) of the Act.
    Current Actions: Extension of a previously approved collection.
    Affected Public: Businesses and for-profit institutions.
    Estimated Number of Respondents: 5,400.
    Estimated Time per Respondent: 30 minutes (varies .25 to 1 hr.).
    Estimated Total Annual Burden Hours: 2,700.
    The following paragraph applies to all of the collections of 
information covered by this notice:
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information unless the collection of 
information displays a valid OMB control number. Books or records 
relating to a collection of information must be retained as long as 
their contents may become material in the administration of any 
internal revenue law. Generally, tax returns and tax return information 
are confidential, as required by 26 U.S.C. 6103.
    Request for Comments: Comments submitted in response to this notice 
will be summarized and/or included in the request for OMB approval. All 
comments will become a matter of public record. Comments are invited 
on: (a) Whether the collection of information is necessary for the 
proper performance of the functions of the agency, including whether 
the information shall have practical utility; (b) the accuracy of the 
agency's estimate of the burden of the collection of information; (c) 
ways to enhance the quality, utility, and clarity of the information to 
be collected; (d) ways to minimize the burden of the collection of 
information on respondents, including through the use of automated 
collection techniques or other forms of information technology; and (e) 
estimates of capital or start-up costs and costs of operation, 
maintenance, and purchase of services to provide information.

    Approved: August 20, 2015.
Sara Covington,
IRS Tax Analyst.
[FR Doc. 2015-22963 Filed 9-11-15; 8:45 am]
BILLING CODE 4830-01-P